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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th Dec 2016).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQ960 (+1.4%) / $947 (+1.4%) (weekly change) (-12.0% and -17.3% YTD change, respectively). The number of week traded shares was 3.6bn and the weekly trading volume was IQD2.9bn ($2.2mn).

ISX Company Announcements

• ISX announced the conclusion of 2016 trading sessions with its last trading session on Monday (Dec. 26, 2016). 234 trading sessions were held in 2016 (five sessions per week). The total number of traded shares realized at 1.038trln, up by 68% y/y and the total trading volume realized at IQD522bn, up by 5% y/y. Currently, there are 97 listed companies.
• Asiacell (TASC) will hold AGM* on Jan. 12, 2017 to discuss and approve 2015 annual financial results. ISX will suspend trading of TASC starting on Jan. 9, 2017.
• Ready Made Clothes (IRMC) will hold AGM* on Jan. 4, 2017 to discuss and approve 2015 annual financial results. ISX suspended trading of IRMC starting on Dec. 26, 2016.
• Dijlah & Furat Bank for Development (BDFD) will hold AGM* on Jan. 10, 2017 to discuss and approve 2015 annual financial results and increasing its capital through bonus issue. ISX will suspend trading of BDFD starting on Jan. 5, 2017.
• Al-Wiaam for Financial Investment (VWIF) will resume trading on Jan. 1, 2017 after discussing and approving 2015 annual financial results.
• Tax General Commission of The Ministry of Finance decided on Dec. 15, 2016 to lift the block on cash assets of Al-Khatem Telecom (TZNI) (Atheer Iraq) and Iraqna Telecom Company.
• ISX notified Al-Karkh Court on Dec. 25, 2016 that the auction for the 22.275mn shares of Bank of Baghdad (BBOB) was not held on Dec. 22, 2016.
• Union Bank of Iraq (BUOI) resumed trading on Dec. 25, 2016 after discussing and approving 2015 annual financial results.
• Ishtar Hotel (HISH) held AGM* on Dec. 28, 2016 to discuss and approve 2015 annual financial results. ISX suspended trading of HISH starting on Dec. 25, 2016.

By John Lee.

The Central Bank of Iraq (CBI) has reported that 33 banks and 16 remittance companies took part in its currency auction on Wednesday.

A total of $169,390,375 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 36 banks and 16 remittance companies took part in its currency auction on Thursday.

A total of $162,956,998 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 35 banks and 15 remittance companies took part in its currency auction on Tuesday.

A total of $163,091,508 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Dec 2016).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQ936 (+0.7%) / $920 (-0.1%) (weekly change) (-14.2% and -19.7% YTD change, respectively). The number of week traded shares was 33.6bn and the weekly trading volume was IQD35.5bn ($26.9mn).

ISX Company Announcements

• Baghdad Soft Drinks (IBSD) will hold a GA with Yanabee Al-Zawraa Company (Aquafina) on Dec. 26, 2016 to approve the new amended article of association prepared by the two companies for merger. ISX will suspend trading of IBSD starting on Dec. 20 2016.
• Al-Wiaam for Financial Investment (VWIF) will hold AGM* on Dec. 22, 2016 to discuss and approve 2015 annual financial results.
• Mansour Hotel (HMAN) will hold AGM* on Dec. 19, 2016 to discuss and approve 2015 annual financial results. ISX suspended trading of HMAN starting on Dec. 14, 2016.
• Two cross transactions occurred on 27.5bn shares of Trans Iraq Bank for Investment (BTRI) on Dec. 13 and Dec 15, 2016, which represent 10.4% of BTRI capital.
• A cross transaction occurred on 1bn shares of Mosul Bank for Development and Investment (BMFI) on Dec. 15, 2016, which represents 0.4% of BMFI capital.
• A cross transaction occurred on 400mn shares of Kurdistan International Bank (BKUI) on Dec. 15, 2016, which represents 0.1% of BKUI capital.
• Iraqi for Tufted Carpets (IITC) calls its shareholders to collect their 35% dividend of 2015 (IQD0.35 dividend per share, 6.9% dividend yield) starting on Dec. 18, 2016.
• ISX started to auction 1.1bn shares of TASC owned by North Bank (BNOR) on Dec. 14, 2016.
• A cross transaction occurred on 193.5mn shares of Ishtar Hotel (HISH) on Dec. 14, 2016, which represents 5.5% of HISH capital.
• A cross transaction occurred on 165.8mn shares of Palestine Hotel (HPAL) on Dec. 14, 2016, which represents 3.7% of HPAL capital.
• A cross transaction occurred on 8.1mn shares of Iraqi Date Processing and Marketing (IIDP) on Dec. 14, 2016, which represents 0.03% of IIDP capital.
• Al-Khatem Telecoms (TZNI) held a GA on Dec. 14, 2016 to discuss electing the BoD.

By John Lee.

The Central Bank of Iraq (CBI) has reported that 34 banks and 15 remittance companies took part in its currency auction on Sunday.

A total of $162,846,709 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 34 banks and 15 remittance companies took part in its currency auction on Tuesday.

A total of $149,426,498 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 35 banks and 15 remittance companies took part in its currency auction on Wednesday.

A total of $150,580,002 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 36 banks and 15 remittance companies took part in its currency auction on Tuesday.

A total of $150,044,142 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 34 banks and 14 remittance companies took part in its currency auction on Wednesday.

A total of $148,438,556 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)